JPMorgan Lends $675M on Black Spruce’s Acquisition of American Copper Buildings Black Spruce Management and Orbach Affordable Housing Solutions have landed $675 million in acquisition financing for the American Copper Buildings at 626 First Avenue, Commercial Observer has learned. JPMorgan provided the loan, in a transaction arranged by Cushman & Wakefield’s Gideon Gil and Zachary…Read More→
BERKADIA, JEFFERIES AND RIVERSIDE CAPITAL SECURE OVER $12.6 MILLION IN FINANCING FOR MULTIFAMILY PROPERTY IN CALIFORNIA Richmond, VA, Dec. 18, 2018 (GLOBE NEWSWIRE) — Berkadia Commercial Mortgage, Jefferies and Riverside Capital announced the financing of Fairwood Apartments, a garden-style multifamily property in Carmichael, California (Sacramento County). The deal consists of a $12.6 million Tax Exempt…Read More→
Essex County apartments to stay affordable after $22M trade A multifamily owner is set to acquire a 178-unit property in East Orange, as part of a $22 million deal that calls for preserving its status as affordable housing. Orbach Affordable Housing Solutions, a subsidiary of the Orbach Group, announced Monday it has contracted to purchase…Read More→
R4 Capital Provided over $60 Million in Equity and Debt for Affordable Housing Preservation in Los Angeles NEW YORK–(BUSINESS WIRE)–R4 Capital, a national affordable housing tax-credit syndicator and asset manager, and R4 Capital Funding (R4CF), its affiliated mortgage lending platform, celebrated today’s ribbon cutting ceremony for Verdes del Oriente (Verdes), a 113-unit subsidized garden apartment complex in…Read More→
Affordable Renovations: Verdes Del Oriente Rehabilitated buildings are an essential part of the building lifecycle, especially when affordable housing in an area is scarce. More than 20 million people in America live in housing poverty, meaning they struggle to afford basic needs like food, transportation, and medical care after paying for housing (National Low-income Housing…Read More→
R4 Capital Provided over $60 Million in Equity and Debt for Affordable Housing Preservation in Los Angeles R4 Capital, a national affordable housing tax-credit syndicator and asset manager, and R4 Capital Funding (R4CF), its affiliated mortgage lending platform, celebrated today’s ribbon cutting ceremony for Verdes del Oriente (Verdes), a 113-unit subsidized garden apartment complex in…Read More→
$25M upgrade to University Square marks first renovation in three decades To read the full article please Click Here
N. Jersey firm to pay $90M for University Square apartments in W. Philly A subsidiary of the Orbach Group, an Englewood Cliffs, N.J.-based real estate investment and management firm, plans to acquire and renovate University Square Apartments, an affordable-housing development for seniors in West Philadelphia. The board of the Philadelphia Authority for Industrial Development voted…Read More→
Orbach Affordable Housing Solutions Announces Transformation of University Square After $25 Million Redevelopment of All 442 Affordable Apartments for Seniors Orbach Affordable Housing Solutions bought the property in 2017 and immediately started renovations – the first complete renovation on the building in four decades. Every unit – all 442 affordable units in the building –…Read More→
Meyer Orbach’s OAHS Unveils a Poignant Mural by Artist Faith XLVII on Philadelphia University Square Complex Building Earlier this year, before the world slipped into a global pandemic, the neighborhood of West Philadelphia was brought together in celebration of a poignant mural painted by artist Faith XLVII on the University Square Complex building. The mural,…Read More→
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